Analog Devices (NASDAQ:ADI) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.15-1.29 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.38. The company issued revenue guidance of $1.4-1.5 billion, compared to the consensus revenue estimate of $1.56 billion.Analog Devices also updated its Q3 2019 guidance to $1.15-1.29 EPS.

Shares of NASDAQ:ADI opened at $99.16 on Thursday. Analog Devices has a twelve month low of $76.62 and a twelve month high of $118.54. The company has a market cap of $36.79 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27. The company has a quick ratio of 1.64, a current ratio of 2.34 and a debt-to-equity ratio of 0.54.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.06. Analog Devices had a return on equity of 19.99% and a net margin of 25.42%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company earned $1.45 EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, equities research analysts forecast that Analog Devices will post 5.47 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Friday, May 31st will be issued a $0.54 dividend. The ex-dividend date is Thursday, May 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.18%. Analog Devices’s payout ratio is presently 36.36%.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Analog Devices from a sell rating to a hold rating in a report on Monday, February 18th. SunTrust Banks raised their price target on Analog Devices to $126.00 and gave the company an average rating in a report on Thursday, February 21st. Robert W. Baird reaffirmed a buy rating and set a $100.00 price target on shares of Analog Devices in a report on Wednesday, February 20th. ValuEngine raised Analog Devices from a hold rating to a buy rating in a research note on Friday, January 25th. Finally, Piper Jaffray Companies reissued an outperform rating and issued a $112.00 target price on shares of Analog Devices in a research note on Friday, February 1st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $104.72.

In other Analog Devices news, Director James Champy sold 4,250 shares of Analog Devices stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $115.04, for a total transaction of $488,920.00. Following the transaction, the director now directly owns 17,510 shares in the company, valued at $2,014,350.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.50, for a total value of $1,165,000.00. The disclosure for this sale can be found here. Insiders sold a total of 99,618 shares of company stock worth $10,796,427 over the last 90 days. 0.50% of the stock is owned by corporate insiders.

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About Analog Devices

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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Earnings History and Estimates for Analog Devices (NASDAQ:ADI)

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